CANADIAN WHEAT.

Auckland Star, Volume LXX, Issue 124, 29 May 1939, Page 4

CANADIAN WHEAT.

STATE GUARANTEE. FARMERS DISSATISFIED. j The Canadian Government will guarantee Western Canada"s hard-pressed furmeis an initial price of 60 cente a bushel for their best wheat in the crop year starting next Auguet 1. Under the Government's new wheat policy, outlined in bills introduced in the House of Commons, this initial price will be paid for No. 1 Northern. From this will be taken the cost of carrying the grain to the big Head-of-the-Lakes | elevators. j The guaranteed initial price is 20 cente a bushel less than the tixed price paid during the current crop year. But next year the farmer will receive a participating certificate on delivering his wheat which will enable him to share in the equitable distribution of any surplus profits it the market price risee above 60 cents, its approximate level at present. The lirst reaction of western producers to the new policy was critical. From Regina, A. P. Sproule, vice-president of the Saskatchewan Co-operative Wheat Producers, summed up their attitude: •"That will not provide funeral expenses for the farmers of the West. It'e just things like that that makes the Wild West wilder." The Wheat Board has no chance of earning a surplus on this year's operations with present prices around 60 cents a bushel- Its 1938-39 operations on the fixed mini mum price of 80 cents are estimated ottitiaHy to have cost approximately